Business Analyst

Shashwath Solution; Pune District; On-site; INR 800,000 - 1,400,000; Full time

Job summary

Shashwath Solution in Pune is seeking a Business Analyst to support finance and MI systems for an insurance client. You will bridge business operations, finance, and IT, gathering requirements and ensuring successful implementation and optimization of finance-related platforms.

You will design and develop financial reports and dashboards using Power BI/Tableau, analyze data, and communicate with stakeholders to drive informed decisions within the insurance domain.

Qualifications

• Bachelors degree in finance, accounting, business or related field.
• Proven experience as a Business Analyst in the insurance domain.
• Strong data analysis and reporting skills with BI tools.
• Familiarity with Agile methodologies and project tools.

Responsibilities

• Requirements gathering and translation into functional specs.
• Identify and implement process improvements in finance/reporting workflows.
• Analyze finance and MI data across systems.
• Support system implementation and integration for finance reporting.
• Design and develop financial reports and dashboards using MI tools.
• Act as liaison between finance, operations and IT teams.
• Document business requirements and process flows.
• Ensure compliance with regulatory standards in insurance.

Skills

Data Analysis

Risk Management

Power BI

Tableau

JIRA

Confluence

MI Development

Business Analysis

Communication

Education

Bachelor's degree in Finance, Accounting, Business, or a related field

Tools

Excel

Power BI

Tableau

JIRA

Confluence

Job description

Job Summary:

The Business Analyst will play a key role in supporting finance and management information (MI) systems for an insurance company. The individual will bridge the gap between business operations, finance, and IT, ensuring the successful implementation and optimization of finance-related systems and management reporting tools. The role involves gathering business requirements, facilitating communication between stakeholders, and analyzing data to improve decision-making processes within the insurance domain.

Key Responsibilities:

• Requirements Gathering: Collaborate with stakeholders (finance teams, insurance operations, and IT) to gather, document, and translate business requirements into functional specifications.
• Process Improvement: Identify inefficiencies in finance and reporting processes, recommending and implementing improvements to streamline workflows in the current system
• Data Analysis: Analyze finance and MI data of the current state systems
• System Implementation & Support: Support the implementation, integration, and optimization of finance and reporting systems, ensuring alignment with business processes for the new system.
• Reporting & MI Development: Design & Develop financial reports and dashboards using MI tools, providing detailed analysis and insights into key performance indicators (KPIs) on the new system
• Stakeholder Communication: Act as a liaison between finance, insurance operations and IT teams, ensuring clear communication and alignment on project goals and timelines.
• Documentation: Create detailed documentation including business requirements, process flows, and functional specifications.
• Compliance & Risk Management: Ensure that finance and MI systems adhere to regulatory and compliance standards within the insurance industry.

Required Qualifications:

• Bachelors degree in Finance, Accounting, Business, or a related field.
• Proven experience as a Business Analyst in the insurance domain, with a focus on finance and MI.
• Strong understanding of insurance products, underwriting, claims processes, and financial reporting.
• Proficiency in data analysis tools (e.g., Excel, Power BI, Tableau)
• Experience with Agile methodologies and familiarity with project management tools (e.g., JIRA, Confluence).
• Excellent problem-solving skills and the ability to analyze complex data sets.
• Strong communication skills to work with cross-functional teams and present findings to stakeholders.

Preferred Qualifications:

• Experience with regulatory reporting (e.g., Solvency II, IFRS 17) in the insurance industry.
• Knowledge of management information systems and their role in insurance operations.
• Familiarity with financial modeling and forecasting techniques.

Key Competencies:

• Analytical thinking and attention to detail.
• Strong business acumen with the ability to understand the financial implications of insurance operations.
• Ability to work in a fast-paced environment and manage multiple priorities.
• Collaborative mindset with the ability to influence and negotiate with stakeholders.

Mandatory Key Skills

• Data Analysis,Risk Management,Power BI,Tableau,JIRA,Confluence,MI Development,Business Analysis*

Mandatory Key Skills

• Risk Management,Power BI,Tableau,JIRA,Confluence,MI Development,Business Analysis,Data Analysis*